For very successful entrepreneurs, the biggest challenge is often not making money but rather protecting the money they’ve made. Doing so requires them to adopt a new mindset and not think like an entrepreneur. This is especially so if they have sold their business and no longer have the regular earnings and distributions of a successful company to replace investment losses. The main reason why most entrepreneurs join Tiger 21 is to become a better investor, and our group leaders never cease to be amazed at how financially illiterate some of our new members can be. But at least they’re trying to educate themselves. Most wish they’d gotten an earlier start.
This part of the book includes lessons that entrepreneurs should know about managing their investment assets, particularly after selling their businesses.